Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q1 2014)

According to the SEC 13F filed on Aug 14, 2026, the Oaktree Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2014. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2014, the filing reported:

New Buys - Telecom Argentina SA

Increases - Ambev S.A., Bank of America, Cemex, S.A.B. de C.V. Sponsored, NetApp, Inc., Petroleo Brasileiro S.A.- Petro, and 3 more

Reductions - MGIC Investment Corporation

Complete Exits - Baidu, Inc., Buenaventura Mining Company Inc, Altria Group, Inc., Preformed Line Products Company, Container Store (The), and 1 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2014	ABEV Ambev S.A.	Ambev S.A.	Buy	+644,240	+32.1%	$19.64K	2,650,005
Q1 2014	BAC.PRN Bank of America	Bank of America	Buy	+1,000	+6.3%	$19.25K	16,800
Q1 2014	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-137,097	-100.0%	$0.00	-
Q1 2014	BVN Buenaventura Mining Company Inc	Buenaventura Mining Company Inc	Sell - Position Exit	-1,185,858	-100.0%	$0.00	-
Q1 2014	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+553,282	+31.6%	$29.11K	2,304,945
Q1 2014	MO Altria Group, Inc.	Altria Group, Inc.	Sell - Position Exit	-288,000	-100.0%	$0.00	-
Q1 2014	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-600,000	-5.0%	$97.13K	11,400,000
Q1 2014	NTAP NetApp, Inc.	NetApp, Inc.	Buy	+120,000	+32.4%	$18.08K	490,000
Q1 2014	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+857,614	+27.5%	$52.36K	3,981,791
Q1 2014	PLPC Preformed Line Products Company	Preformed Line Products Company	Sell - Position Exit	-53,691	-100.0%	$0.00	-
Q1 2014	TCS Container Store (The)	Container Store (The)	Sell - Position Exit	-557,565	-100.0%	$0.00	-
Q1 2014	TEO Telecom Argentina SA	Telecom Argentina SA	Buy - Position Entry	+324,973	-	$6.20K	324,973
Q1 2014	TKC Turkcell Iletisim Hizmetleri AS	Turkcell Iletisim Hizmetleri AS	Sell - Position Exit	-696,116	-100.0%	$0.00	-
Q1 2014	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+575,744	+26.7%	$54.78K	2,736,084
Q1 2014	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Buy	+200,151	+32.1%	$27.41K	823,510
Q1 2014	WFC-L Wells Fargo	Wells Fargo	Buy	+5,560	+44.7%	$21.06K	18,000